De La Rue PLC EXTENSION OF THE BANK OF ENGLAND CONTRACT (6842D)
30 Octubre 2020 - 1:00AM
UK Regulatory
TIDMDLAR
RNS Number : 6842D
De La Rue PLC
30 October 2020
30 October 2020
DE LA RUE PLC
EXTENSION OF THE BANK OF ENGLAND CONTRACT
De La Rue plc (LSE: DLAR) ("De La Rue") is pleased to announce
that the Bank of England ("the Bank") has confirmed it will
exercise its option to extend its existing banknote print contract
by three years, maintaining De La Rue's exclusivity in printing
Bank of England banknotes and operating the Bank's facility in
Debden, Essex, until 2028.
Today's announcement continues the partnership between De La Rue
and the Bank of England, that stretches back to 2003. The current
contract was awarded to De La Rue in October 2014, becoming
effective from April 2015.
Sarah John, Bank of England Chief Cashier, said, "The
relationship with De La Rue is an important one for the Bank of
England. During the course of the current contract, we have worked
closely together to launch three new banknote designs on polymer.
In 2021, the release of the new Alan Turing GBP50 note will
complete our polymer set. We are very pleased to announce the
extension of the contract today, which will enable us to continue
to develop our Debden facility as a global centre of excellence for
banknote printing."
Clive Vacher, CEO of De La Rue, said, "We are delighted that our
contract with the Bank of England has been extended to 2028,
highlighting De La Rue's commitment to UK manufacturing. Our
relationship with the Bank of England, and the operations in
Debden, form a cornerstone of our growth strategy for currency
design and print, including the conversion of customers worldwide
onto cleaner, more secure SAFEGUARD(R) polymer banknotes. The
facilities at Debden produce some of the most technically complex
banknotes in the world and we work closely with the Bank of England
to reduce the environmental impact of our operations. We look
forward to continuing to work together with the Bank, raising the
bar for security and sustainability long into the future."
- ends -
Enquiries:
De La Rue plc +44 (0)7387 122645
Kevin Loosemore Chairman
Clive Vacher Chief Executive Officer
Matthew Rose Director of Tax, Treasury and Investor Relations
Brunswick Group LLP +44 (0)207 404 5959
Stuart Donnelly/ Imran Jina
De La Rue plc's LEI code is 213800DH741LZWIJXP78
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CNTDKLFLBBLEFBZ
(END) Dow Jones Newswires
October 30, 2020 03:00 ET (07:00 GMT)
De La Rue (LSE:DLAR)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
De La Rue (LSE:DLAR)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024